🐋 Whales Accumulate $1.73B in ETH 🐋

BlockBeats News (Sep 27, 06:10 UTC)

According to LookIntoChain, 16 whale wallets acquired 431,018 ETH (≈$1.73B) within just 2 days, withdrawing funds from Kraken, Galaxy Digital, BitGo, FalconX, and OKX.

📊 Market reaction (24h): ETH +1.96%

🔎 Analyst Insights – Key Takeaways:

Bullish Signal → Major outflows from exchanges ease selling pressure, often linked to long-term holding or staking.

Institutional Involvement → Movements from custodians like Galaxy & BitGo may reflect OTC deals or fund accumulation.

Potential Supply Shock → Continued withdrawals could reduce available ETH on exchanges, creating upward price pressure.